QualityStocks

Global Payout, Inc. (GOHE)

Global Payout, Inc. (GOHE)

Posted: Thu Aug 10, 2017 8:32 am

by QualityStocks

Global Payout, Inc. provides comprehensive payment solutions that can be fully customized for virtually any domestic and international organization distributing money worldwide. The company is committed to enabling global access to technology for optimizing financial transactions and delivering a global financial eco-system with top-tier banking institutions and the highest level financial technology partnerships.

Today, more than ever before, commercial enterprises and government institutions need powerful financial technology solutions that have the flexibility to deliver innovative customer centric services and drive operational efficiency gains throughout the organization. The Global Reserve Platform is Global Payout’s fully configurable “banking-in-a-box” web-based platform that can fulfill the front-to-back office processing requirements of domestic, foreign exchange and international payment service providers. This platform is designed to improve work flow, operational efficiencies, and global financial management for enterprises operating across the globe.

Investment in financial technology (FINTECH) companies has grown dramatically in recent years with the role of today’s banks shrinking and demand for improved financial solutions continuing to rise. As the industry has continued to expand rapidly, Global Payout’s management team has directed its focus on identifying the most promising market sectors with FINTECH needs. The four core areas selected are logistics, small and medium enterprises (SME), banking and travel.

In 2015, Global Payout introduced MoneyTrac Technology Inc. as a majority owned subsidiary to more effectively focus on the development of financial technologies that specifically address many of the challenges that enterprises in a variety of alternative and “high-risk” market sectors are faced with in processing financial transactions. Powered by Virtu Network Solutions, the MoneyTrac Technology platform is one the most configurable and intuitive financial technology platforms available to alternative and “high-risk” enterprises and provides them with solutions that effectively manages everything from pin debit and virtual currency, to compliance and cash flow logistics.

With the global economy constantly becoming more diversified and connected, Global Payout is well positioned with the technology software solutions its team has developed to address many different needs worldwide. Management has committed itself to exploring and identifying every avenue possible for further establishing itself as a recognized leader in FINTECH solutions.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that it has finalized and fully executed a licensing agreement with Cagney Global Logistics for the exclusive white labeling and implementation of the Global Reserve Platform. The new platform will be integrated into Cagney’s existing delivery and payment component, the Final Mile solution, in order to enhance its Fortune 500 customer web sales. “Our technical team has been diligently working to address the specific needs and requests that have been presented to us by Cagney,” William Rochfort, president of Global Payout, stated in the news release. “In this time, we have developed a more in-depth understanding as to how the intricate components available in our Global Reserve Platform can be configured to deliver a platform for Cagney that will completely enhance the logistics supply chain process experience for its customers and delivery partners.” Global Payouts expects to begin generating revenue related to this licensing agreement as early as the beginning of the third quarter of 2017.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc., has finalized a business development agreement with Pot Saver, a Southern California-based community periodical providing listings on discounted cannabis-related products for local dispensaries and shops. “With the medical and recreational cannabis industry growing at an unprecedented rate in California, we are determined to be conscious of the multiple opportunities that currently exist, or that we can create for MoneyTrac to further expand its brand throughout the industry as well as tap into every available revenue source possible,” Vanessa Luna, COO of MoneyTrac, stated in the news release. “This agreement with Pot Saver is an excellent opportunity for us to offer the industry-specific business development expertise we have acquired to help further Pot Saver’s go-to-market strategy, while simultaneously creating a new source of revenue for our company as we continue to expand our own brand throughout the industry.” IGC expects MoneyTrac to generate revenue earnings from service agreements facilitated on behalf of Pot Saver as early as the fourth quarter of this year.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that it will incorporate bitcoin as a payment method for retail and wholesale customers in the cannabis industry, providing a solution for the banking issues that currently face legal cannabis businesses. In support of this initiative, the company’s majority-owned subsidiary, MoneyTrac Technology, Inc., will leverage its virtual financial wallet technology to eliminate cash payments for cannabis at retail stores. “Since there is an inability to access commercial banks for merchant bank accounts, we feel it is imperative to focus on currency alternatives such as bitcoin to service cannabis industry transactions,” Jim Hancock, founder and CEO of Global Payout, stated in the news release. “Furthermore, our payment system is completely ready for use. It will not require a great deal of time or money to incorporate bitcoin into the equation.”

Re: Global Payout, Inc. (GOHE)

Posted: Wed Aug 30, 2017 3:54 pm

by QualityStocks

Standout Fintech Companies Disrupt the Financial Services Landscape

NetworkNewsWire Coverage: The growth potential for FINTECH is significant, and the opportunities for disruptive innovation within this burgeoning market are virtually endless. Goldman Sachs has projected that new entries in FINTECH stand to disrupt more than $4.7 trillion of revenue from traditional financial services companies.1 The emerging FINTECH market is still in its infancy, but investor attention has been substantial, and entities have been raising large amounts of venture capital within this space. In 2015, the value of global FINTECH investment increased by 75 percent, reaching $22.3 billion.2 Standout publicly traded innovators making strides within the FINTECH market include Global Payout, Inc. (GOHE) (GOHE Profile), Square, Inc. (SQ), PayPal Holdings, Inc. (PYPL), Jack Henry & Associates, Inc. (JKHY) and SS&C Technologies Holdings, Inc. (SSNC).

Global Payout (GOHE) is focused on next-generation B2B solutions for automating international funds transfer, payments, billing and invoicing processes. Founded in 2009 as a prepaid card company, Global Payout has now evolved to provide comprehensive payment solutions that can be fully customized to meet the needs of virtually any domestic and international organization distributing money throughout the world.

Focused on business-to-business needs, this technology enables Global Payout to deliver the necessary infrastructure for financial institutions, corporations, brands and governments to launch and then successfully manage payment and next-generation commerce products. The company’s product suite is global-ready and incorporates document delivery, virtual and mobile payments, loyalty and other back-office card management solutions.

As discussed in a recent corporate interview (http://nnw.fm/x9OSy), GRP is in the process of integrating blockchain technology within virtual currency markets such as bitcoin; currently adopts 26 foreign languages; performs currency exchange worldwide; and offers compliance in KYC for all account holders and merchants.

While Global Payout is primarily focused on logistics and shipping, international travel companies, banks and small-to-medium-sized businesses, the company has also identified areas of interest in cryptocurrency and cannabis.

The application of FINTECH in this regard is demonstrated in a deal between Global Payout’s majority-owned subsidiary, MoneyTrac Technology, Inc. (MTRAC), and H Smart Inc., a division of Marijuana Company of America. Per the agreement, announced in early August (http://nnw.fm/2lvKq), H Smart will use the technology offered through MTRAC’s platform to pay commissions for its affiliates. Global Payout anticipates that these load payments and bank account transfers will create significant revenue for MTRAC, which will be realized during this fiscal quarter. This arrangement also provides MTRAC an opportunity to indirectly enter the multi-billion-dollar cannabidiol (CBD) market, as H Smart is engaged in developing and distributing innovative wellness and CBD products.

Another recent agreement, dated August 14 (http://nnw.fm/q5L8I), reveals another revenue stream for Global Payout through a licensing agreement with Cagney Global Logistics. This agreement is for exclusive white labeling and implementation of the GRP into Cagney’s existing delivery and payment component. The finalization of this marketing agreement is anticipated to provide Global Payout with a revenue stream as soon as the start of the third quarter while providing Cagney with improved payment and supply chain efficiency.

“The Global Reserve Platform provides Cagney Global Logistics, our e-commerce customers, and ‘Final Mile’ delivery partners anywhere in the United States, a true market differentiator for streamlining payment solutions and pipeline visibility. Home and office web sale deliveries for the exploding ‘e-tailer’ marketplace is by far the hottest space in logistics today. Customer success is our goal, and Global Payout has provided us with a truly unique solution to speed delivery, payment options and cloud based control tower visibility,” Cagney founder and CEO Tom Cagney stated in the press release.

A broader look at Global Payout demonstrates the company’s position as a problem solver to companies in need of quick and cost-effective payment solutions, led by a management team with foresight to explore, adapt and grow within changing market opportunities.

Another well-known FINTECH player, Square, Inc. (SQ), started out in 2009 by providing businesses with a means of accepting card transactions via mobile devices and has since grown into a full-service payments solutions platform, helping sellers of all types and sizes form, operate and grow their businesses. Square helps sellers accept card payments and provides them with reporting and analytics information, next-day settlement and chargeback protection. The company’s point-of-sale software and other business-related services assist sellers with managing their inventory, locations and workers; accessing financing; engaging customers; and increasing sales.

PayPal (PYPL) is also a well-known standout in the FINTECH industry and is focused on democratizing financial services and enabling individuals and businesses to take part in—and thrive in—the global economy. PayPal’s open digital payments platform emboldens the company’s 210 million active account holders to connect and transact with confidence no matter what type of device they are using. Through both strategic partnerships and technological innovation, PayPal provides superior means of managing and moving money and also gives users options and flexibility for paying, sending payments and getting paid. The PayPal platform, which includes Braintee, Venmo and Xoom, is available in more than 200 markets globally and lets consumers and merchants receive money in over 100 currencies, withdraw money in 56 currencies, and hold PayPal account balances in 25 currencies.

Jack Henry & Associates, Inc. (JKHY) is another leader in providing computer systems and electronic payment solutions, chiefly for financial services organizations. The company’s solutions serve over 9,000 customers throughout the United States, and Jack Henry & Associates offers over 300 products and services that enable customers to process financial transactions, automate their business, and achieve success in a marketplace that is increasingly competitive. The company has three bands—Jack Henry Banking, Symitar and ProfitStars—and each supports financial institutions of varying sizes, diverse businesses operating outside of the financial industry, and other technology providers. Whether customers desire to drive efficiencies, enhance compliance, improve platform integration, customize systems or change operating environments, Jack Henry & Associates provides proven technology and support to revolutionize their businesses and help them progress.

SS&C Technologies Holdings, Inc. (SSNC) is a global financial services software and software-enabled services provider catering to the global financial services industry. About 11,000 financial services organizations, ranging from huge global institutions to local firms, utilize SS&C’s products and services to manage and account for their investments. In 30 years of operation, SS&C has created a comprehensive array of software technology within the financial services industry.

It’s an exciting time for investors to get involved in the FINTECH marketplace, as new developments and innovations forever change the financial services landscape. FINTECH companies like those mentioned present promising opportunities and exciting innovations within this growing market.

As the nature of banking continues to evolve with customer demands for streamlined convenience, forward-thinking banks are increasingly adding a variety of services to their core offerings. The twentieth century saw the maturation of this process with the advent of universal banking and the emergence of banking behemoths like Citibank. Now, the forces that drove amalgamation appear to have run their course, and the services bundled in that era of consolidation are being unbundled by the application of digital technology to financial services. Will this mean the end of traditional banks or simply their metamorphosis? Whatever the future holds, FINTECH visionary Global Payout, Inc. (OTC: GOHE) is likely to be a part of it.

Global Payout is the developer of a fully configurable web-based platform created to fulfill the front-to-back office processing requirements of financial and other institutions. Designed as a “banking-in-a-box” solution, the company’s Global Reserve Platform (GRP) enables financial institutions to create customized SaaS solutions, providing domestic and international companies access to a single system that can be used to pay employees, contractors, agents and suppliers, regardless of their location.

The company’s adaptive solutions reveal a deeper FINTECH revolution. While established companies like IBM are building software systems and IT infrastructure for traditional banks, insurers and asset managers, their systems remain antiquated and high cost. Newer players are offering digital solutions to the financial industry and independent consumers and organizations that lower costs and maximize speed and efficiency.

The smart money has taken notice. Total global investment in FINTECH for the second quarter of 2017 was $8.4 billion, twice that recorded in the first quarter of 2017, according to KPMG’s latest FINTECH report (http://nnw.fm/Yc4De). Investors are showing interest in business-to-business (B2B)-related FINTECH opportunities, like Global Payout’s GRP, as banks scramble to reduce their cost base. Since a majority of customers have access to the Internet and some form of digital device, costly branch services are being deemphasized in favor of online distribution channels.

FINTECH is also stripping away services from the aegis of banks and other depositary institutions. For example, you don’t have to be a bank to make loans, as Lending Club, the peer-to-peer lending platform, has demonstrated. The 11-year-old company lends roughly $2 billion every quarter, significantly more than many longer-established savings & loans, and you don’t have to be a bank to want faster, easier ways to pay suppliers, manage working capital, or finance new trade opportunities. As world trade increases, payment mechanisms in the logistics industry are falling behind, with suppliers having to wait over a month, in some cases, for payment. Just as traditional banking developed mostly to facilitate trade and commerce, the advances in FINTECH have developed as a natural solution to the challenges faced by the logistics sector.

Global Payout’s GRP can ease some of those hardships. Its SaaS infrastructure can handle a variety of financial services, including but not limited to debit and credit cards; mobile wallets; merchant processing; bill payment and person-to-person (P2P) payments; international payments; loans management; FOREX; and payments made through SWIFT (Society for Worldwide Interbank Financial Telecommunication), ACH (Automated Clearing House) or SEPA (Single Euro Payments Area).

While Global Payout is initially focused on providing its solutions to the logistics market, a quick glance at its developments in the last year shows additional applications of FINTECH to a diverse lineup of industries, including those considered “high risk.” Marijuana Company of America (OTC: MCOA), which earlier this year invested $250,000 into Global Payout’s MoneyTrac Technology subsidiary, last year selected Global Payout as its financial solutions provider. The recent investment was designated to help establish MoneyTrac as an alternative banking solution to the cannabis industry, enabling MCOA to integrate and streamline electronic payment processing, such as E-Wallet and mobile applications, as well as manage and process prepaid cards, debit cards, and credit card payments.

In light of the evolving FINTECH market, along with the needs of logistics and high-risk industries like cannabis, Global Payout’s services couldn’t have come along at a better time.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that it is currently in the process of completing its financial audit in preparation for the filing of Form 10-K, which the company expects will be completed within the next 60 days. “We are very pleased to have kicked-off the very important process of completing our audit and are optimistic in our ability to complete it within the next 60 days so that we enter a fully reporting status,” James Hancock, CEO of Global Payout, stated in the news release. “By becoming fully reporting, we are increasing our transparency and demonstrating to both our existing shareholders as well as the investment community our commitment to doing things the right way. This should also place our Company in a more favorable position to facilitate the growth and expansion of the financial technology solutions available through both Global Payout and its majority owned subsidiary, MoneyTrac Technology, Inc.” Global Payout anticipates that these efforts will both improve its visibility in the investment community and provide an opportunity to list its securities on the OTCQB or OTCQX quotation platform.

Re: Global Payout, Inc. (GOHE)

NetworkNewsWire Editorial Coverage: Financial technology, or FINTECH, has established new platforms for many businesses and companies. With improved capabilities, firms are catching on to alternative forms of banking that offer automation of various financial processes ranging from payments to billing and invoicing. It’s especially useful in the modern world, where transactions are more often done electronically. FINTECH is not limited to the financial services industry, however. Sectors from logistics and shipping, to high-risk ones such as the cannabis industry are finding electronic wallets and mobile apps more practical than traditional financial services. Global Payout, Inc. (GOHE) (GOHE Profile) is serving such needs with B2B financial automation solutions through its Global Reserve Platform, while also affording access to bitcoin via its MoneyTrac, Inc. (“MTRAC”) subsidiary. Bitcoin Services (BTSC) is a big player in the evolving FINTECH arena, as is BTCS, Inc. (BTCS). Industry behemoths such as Apple, Inc. (AAPL) and Alphabet, Inc. (GOOG) are taking FINTECH to new levels on both the business and consumer fronts.

Global Payout, Inc. (GOHE) makes payment solutions available to clients around the world, serving the needs of everything from commercial enterprises to government institutions. Its Global Reserve Platform is a web-based banking platform that includes everything domestic, foreign exchange, and international payment service providers need to conduct financial transactions. It handles online banking, compliance, mobile wallets, card management, biometric payments, authentication, merchant payment processing, bill payments and more, while also offering core and traditional banking products. Global Payout’s primary focus in this area is logistics, in addition to small to medium size companies, banking, and travel firms.

“Since there is an inability to access commercial banks for merchant bank accounts, we feel it is imperative to focus on currency alternatives such as bitcoin to service cannabis industry transactions. Furthermore, our payment system is completely ready for use. It will not require a great deal of time or money to incorporate bitcoin into the equation,” Hancock stated in a previous news release (http://nnw.fm/Q3C9i).

A business development agreement between MTRAC and PotSaver further demonstrates MTRAC’s broader strategy to take advantage of new market opportunities. Based in Southern California, PotSaver is a community periodical that serves local shops and dispensaries in the region’s medical and recreational cannabis industry, providing listings on discounted cannabis products. This partnership provides MTRAC the opportunity to increase brand awareness in the cannabis industry and potentially grow its revenue stream.

“With the medical and recreational cannabis industry growing at an unprecedented rate in California, we are determined to be conscious of the multiple opportunities that currently exist, or that we can create for MoneyTrac to further expand its brand throughout the industry as well as tap into every available revenue source possible,” Vanessa Luna, COO of MoneyTrac, stated in the news release (http://nnw.fm/KF5oq). “This agreement with PotSaver is an excellent opportunity for us to offer the industry-specific business development expertise we have acquired to help further PotSaver’s go-to-market strategy, while simultaneously creating a new source of revenue for our company as we continue to expand our own brand throughout the industry.”

MTRAC’s developments play a supportive role in Global Payout’s overarching mission in FINTECH. Global Payout began by offering prepaid card services and a payment platform for businesses in different countries, but improvements in 2016 added additional functions now seen in its Global Reserve Platform. Blockchain technology, such as that familiarized by Bitcoin Services (BTSC), is part of the system, giving various industries the benefits of FINTECH on a much broader scale.

Bitcoin Services is a cryptocurrency leader offering an escrow service, a neutral third-party that serves buyers and sellers during online transactions. Verification processes are run by bitcoin mining services, so transactions are always properly validated and secured. The company’s role in FINTECH has been a key one since its incorporation in 1997, especially since it is a major player in the development and sale of blockchain software.

Another player in FINTECH and blockchain/digital currency is BTCS, Inc. (BTCS). In August 2017, BTCS announced the signing of a letter of intent to merge with Blockchain Global Limited. A merger would give access to the Australian company’s bitcoin exchange, transaction verification services, and start-up accelerator program that provides fledgling business with access to blockchain technologies and applications. Consulting and advisory services are also offered, such as those supporting crowd-sourced blockchain token sales. In a recent letter to shareholders, BTCS mentions the 300 percent surge in bitcoin over a year, and that this boost and the involvement of large organizations demonstrates the mainstream acceptance of digital FINTECH assets. It plans to participate in strategic market purchases, make initial coin offerings, and resume transaction verification services to expand its digital asset portfolio.

Innovative offerings by FINTECH companies are fueling activity not just in the commercial sector. Some of them, such as Global Payout’s MTRAC solution, are being used to offer advanced payment solutions to consumer-facing companies.

Online purchasing solutions enabled by similar systems include Apple Pay from Apple, Inc. (AAPL). Consumers can pay for items with credit and debit cards on their mobile devices, and can do so on the same platform even while in a store. One just needs to hold their iPhone or Apple watch up to a reader for it to work. Customers can pay within apps as well, make donations, or shop online. The service can be used at many major retail chains and websites, and to donate to a range of nonprofit organizations. It extends the value of FINTECH to consumers who shop at electronics, clothing, pharmaceutical, toy, and general stores; gas stations; restaurants; and who stay at hotels.

Alphabet, Inc (GOOG) is also vested in the consumer FINTECH segment. Google Wallet allows for automatic cash transfer; users can send money to anyone using the app. Their email address and phone number are all that is needed. The product is useful in a variety of settings, from splitting the bill at a restaurant to planning trips and purchasing group gifts, as well as making commercial transactions. Transferring cash is possible for payment of any service, especially for sole proprietors. That puts FINTECH in the hands of anybody who wishes to make a transaction online or via digital devices or methods. The service is available in the U.S. and the UK, although users can’t yet transfer funds between countries.

FINTECH companies and services are enabling business and consumer transactions that can be managed digitally, without going through a bank. These afford simpler, faster and increasingly convenient options and enable business to be conducted more freely in high-risk industries that are tightly regulated by traditional financial institutions. FINTECH is gaining value at many different levels. Logistics companies are catching on because it streamlines shipping operations, while companies such as Apple and Google are extending digital payment technologies to consumers, giving FINTECH a nearly limitless market reach. The rapid growth of bitcoin and blockchain technology is also clear evidence that digital B2B and consumer payment solutions have significant upside potential.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc., has executed a Letter of Intent with BlazeNow, Inc., a majority owned subsidiary of MediaTechnics Corporation (OTC: MEDT). BlazeNow, once called the “Yelp” of the cannabis industry by NY Daily News, is an advertising and data collection platform focused on connecting cannabis-related businesses with patients and customers. “We are excited to lay the groundwork for what we believe will be a very productive business partnership with BlazeNow,” Vanessa Luna, COO of MoneyTrac Technology, stated in the news release. “The goals are to leverage this partnership in pursuing joint revenue products and services. Through this LOI, we hope to establish a joint-venture partnership with BlazeNow so that we can pool each of the industry-specific resources we have available to help significantly grow both brands.” This morning’s announcement follows the recent launch of BlazeNow’s new app on both Android and iOS platforms, a milestone that’s expected to strategically position the brand for collaborative efforts with MoneyTrac Technology as it looks to achieve broader expansion initiatives.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that executive management members of its majority-owned subsidiary, MoneyTrac Technology, Inc., successfully represented the company at the fourth annual Cannabis World Congress & Business Exposition held in Los Angeles. “Representation at events such as this present such a unique and powerful opportunity to grow our presence and establish new partnerships within an industry that is incredibly tight-knit and yet growing at an unprecedented rate,” MoneyTrac COO Vanessa Luna stated in the news release. “I am encouraged by the many different connections we established during this expo, and I am optimistic about the likelihood of a decent number of them possibly materializing into new partnerships for our company at some point in the near future.” MoneyTrac is currently making arrangement to ensure representation for the expo’s East Coast dates from October 4-6 in Boston. As noted in the news release, this will “present another opportunity for the Company to promote and create awareness for the effective technology and other industry-specific services and solutions [it offers] to businesses operating in the cannabis industry.”

Re: Global Payout, Inc. (GOHE)

Posted: Tue Sep 26, 2017 4:09 pm

by QualityStocks

Standout Players in the FinTech Revolution Contribute to the Shakeup of Traditional Banking

NetworkNewsWire Editorial Coverage: Busily upending mainstream banking and lending, the FinTech market is revolutionizing core components of the finance industry, and one of the standout benefits of this FinTech revolution is that entrepreneurs, small-business owners and high-risk enterprises have unprecedented access to the investment capital and financial services they need. Notable players in this disruptive, burgeoning market include entities like Global Payout, Inc. (OTC: GOHE) (GOHE Profile), which, through its MoneyTrac Technology, Inc. subsidiary, offers payment solutions to high-risk industries such as cannabis. Global Payout is joined by other companies disrupting the financial side of marijuana, including MassRoots, Inc. (OTC: MSRT), mCig, Inc. (OTC: MCIG) and Glance Technologies, Inc. (OTC: GLNNF) (CSE: GET), as well as the activities of companies like Mentor Capital, Inc. (OTC: MNTR).

FinTech is a relatively young but burgeoning market, using technology to disrupt traditional financial services rather than to serve them. This disruptive presence is important for many reasons. For one, it is breaking the chokehold of banks and other financial institutions—which have traditionally eschewed making small loans with low margins—giving entrepreneurs and small businesses access to the capital they need to get their companies off the ground or grow their existing enterprises. The FinTech uprising also provides access to other lending options and streamlines the application process in ways that traditional financial institutions cannot.

The key benefits of the FinTech industry are improved accessibility to lending options and an accelerated application process for businesses and individual consumers, and traditional banks and other financial institutions are feeling the effects. A recent executive summary on global FinTech released by PwC indicates that 30 percent of consumers intend to increase their usage of nontraditional financial services providers during 2017, while only 39 percent planned to continue using traditional financial services providers.1

In the business realm, the benefits of FinTech are being keenly felt. In addition to gaining easier access to capital, companies have been enabled, through the FinTech movement, to purchase complicated financial software solutions and services they could never have afforded in the past that would have once required an entire in-house IT team to operate.

As a provider of next-gen B2B solutions for the automation of international funds transfer, billing, payments and invoicing processes, Global Payout (GOHE) recognizes the potential of FinTech and its increasing degrees of applicability.

In a recent corporate interview (http://nnw.fm/x9OSy), Global Payout CEO James Hancock discussed assets of the company’s Global Reserve Platform (GRP), including its provisions for blockchain technology within virtual currency markets; its current ability to adopt 26 foreign languages; its capability to perform currency exchanges across the globe; and its KYC compliance for all account holders and merchants.

While Global Payout is chiefly focused on logistics and shipping, international travel companies, banks and small-to-medium-sized businesses, the company is taking advantage of increased consumer demand for FinTech and has positioned its MoneyTrac subsidiary to provide a full-service solution for alternative banking and electronic financial solutions for companies in high-risk industries such as cannabis and cryptocurrency.

“We also have negotiations with commercial banks, the cannabis industry and cryptocurrency that we’ll probably be talking more about,” Hancock stated in the aforementioned interview. “There’s a lot going on and we need to focus on the logistics side, but there are other opportunities that we’re excited about.”

One of these opportunities blossomed into fruition earlier this month when MoneyTrac signed a letter of intent (LOI) with BlazeNow, Inc., an advertising and data collection platform that NY Daily News once called the Yelp of the marijuana industry (http://nnw.fm/eurE5). The intention of the LOI is to create a joint-venture partnership that enables MoneyTrac and BlazeNow to merge their industry-specific resources to substantially grow both brands as they serve the marijuana industry.

MoneyTrac also recently partnered with H Smart Inc., a division of Marijuana Company of America, that will enable MoneyTrac Technology to indirectly enter the multibillion-dollar cannabidiol (CBD) market (http://nnw.fm/2lvKq). H Smart, a developer and distributor of advanced wellness and CBD products, will profit from the use of technology offered through MoneyTrac to pay commissions for its affiliates. It is anticipated that this agreement will create significant revenue for MoneyTrac that will be realized during the current fiscal quarter.

MoneyTrac’s technology enables its clients to access their financial information from anywhere in the world, in addition to providing tracking and compliance to help them manage and control the flow of all revenue through their business.

Because the broader marijuana industry is lacking in banking options, the potential of MoneyTrac’s FinTech solutions are underscored by other cannabis FinTech players, such as MassRoots, Inc. (MSRT), which caters to more than one million registered users through mobile applications that help them make informed marijuana purchasing decisions. MassRoots is empowering cannabis-related businesses through its MassRoots Retail compliance and point-of-sale system to streamline their retail operations and manage their compliance reporting to state regulators. Boasting a significant market share of medical marijuana patients within certain markets and having over 25,000 shareholders, MassRoots is uniquely positioned to serve the growing cannabis market.

Originating as a vaporizer manufacturer, mCig. Inc. (MCIG) has since evolved into a large-scale, full-service cannabis cultivation construction company and, more recently, has forayed into the technology space. In August, mCig announced the expansion of its offerings to include merchant processing services for cannabis businesses, which are currently sorely underserved in this area as they do not presently have access to traditional banking options because of federal restrictions. Through a partnership with an experienced merchant provider and through the creation of a new entity, mCig aims to offer a seamless, comprehensive and secure payment solution for marijuana businesses and dispensaries.

Another FinTech player now catering to the cannabis industry is Glance Technologies, Inc. (GLNNF). The owner and operator of Glance Pay, a streamlined payment system transforming the way smartphone users make purchasing decisions and interact with merchants, Glance Technologies has entered into significant licensing agreements to access the cannabis industry through its partially owned subsidiary Cannapay Financial. Cannapay Financial combines traditional financial offerings with advanced technology to offer digital and financial services to legal cannabis businesses. Currently, Cannapay Financial has two apps in development that leverage the company’s GlancePay mobile payment system and are available for international licensing: Cannapay, which is a mobile-to-mobile payment system for the marijuana industry; and SuperDope Delivery, which is an app for mobile ordering and cannabis delivery.

In August, Glance Technologies announced a strategy for the development and acquisition of cannabis brands through Cannapay Financial, to be distributed internationally through its mobile payment apps. One component of the strategy is to seek successful cannabis business participants to license the company’s technology in other countries, and a second component is to use the company’s apps to promote awareness of emerging marijuana brands in jurisdictions where cannabis is legal or is in the process of being legalized. Cannapay Financial also recently entered into an agreement to acquire the rights to a package of holistic Ayurveda formulas intended to treat various ailments and has agreed to purchase all intellectual property relating to the creation, production and manufacturing of these products. The company has further purchased the rights to blend the product with cannabis to create a new product line.

The great need of alternative forms of funding for cannabis businesses is evidenced in the activities of companies like Mentor Capital, Inc. (MNTR), which specializes in assisting marijuana companies in meeting their liquidity and financial objectives and in helping to incubate private cannabis companies. Mentor Capital provides a low-cost option for leading marijuana companies that are attempting to enter the public market and also offers liquidity and support to help ensure those entities are prepared to make the transition.

The future of the FinTech industry seems to be a very bright one indeed, and many new technologies and startups are anticipated to reach maturity by the year 2020. Within this disruptive market, the named players are ones to watch as they change the financial landscape of the marijuana industry.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc. (“MTRAC”), has finalized a majority ownership acquisition of PotSaver, a revenue-producing community periodical providing listings on discounted cannabis-related products for Southern California dispensaries and shops. Per this morning’s update, the majority ownership acquisition is expected to provide MTRAC with an immediate revenue stream related to PotSaver’s existing subscription-based earnings. “The majority ownership acquisition of PotSaver marks a significant milestone for MoneyTrac Technology,” Vanessa Luna, COO of MTRAC, stated in the news release. “Not only does it provide our company with an immediate source of revenue, but it provides us with a unique opportunity to take a proven revenue-generating business model and expand it through the infusion of the many different tools and resources we have available through our networking, software and business development capabilities.”

In a recent interview (http://nnw.fm/no3tA) with NetworkNewsWire, Global Payout, Inc. (OTC: GOHE) CEO James Hancock detailed where the innovative payment solutions company has been, where it is now, and where it plans to be in the future.

Global Payout is a frontrunner in the FINTECH revolution (http://nnw.fm/3HvjQ), offering versatile and innovative solutions for domestic and international organizations distributing money on a global scale. The company’s solutions include a cutting-edge “banking in a box” fintech payment system designed for online and mobile applications. This Global Reserve Platform solution enables account holders to maximize a full array of financial services while reducing operational costs.

This FINTECH system was built on the foundation of Global Payout’s original online payment platform, the Consolidated Payment Gateway (CPG). Introduced in 2014, the CPG made it possible for enterprise clients to transfer money to international bank accounts, mobile accounts and prepaid card accounts.

Global Payout’s origins date back to 2009, when it was founded as a prepaid card company, as Hancock explains in the interview. As Global Payout began dealing with international companies, it was realized that international connections were needed to properly serve them. Global Payout was obliged to go outside of the United States to acquire international issuing banks, as well as Visa and MasterCard.

Company leaders realized that while prepaid cards were good, what the world needed was a platform that enabled the movement of money to bank accounts in particular countries. Businesses were in need of an immediate and more responsive means of paying certain employees than was afforded by prepaid cards.

Rising to the occasion, Global Payout began developing the CPG to meet business-to-business needs rather than business-to-consumer. The platform enabled businesses to quickly, efficiently and cost-effectively make payments to employees and other individuals who lived outside the United States. Subsequent enhancements to the CPG have resulted in Global Payout’s Global Reserve Platform, which has integrated bank networks worldwide and, thereby, simplified the process of transferring money between businesses on an international scale.

As Global Payout continues to grow, its efforts to identify the most profitable business segments have also increased. Current primary targets for the company include:

- Logistics and shipping- International travel companies- Banks- Small to medium-sized businesses- The cryptocurrency and marijuana industries

A lack of fast and cost-effective payment options for companies in these industries opens the way for Global Payout to experience great success. The response from logistics leaders, for instance, has been exceptional. The efficacy of the Global Reserve Platform as a solution for supply chain companies is illustrated by a licensing agreement Global Payout recently signed with Cagney Global Logistics. Global Payout is also in negotiations with commercial banks, cannabis enterprises and entities in the cryptocurrency market.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its MoneyTrac Technology, Inc. subsidiary has completed the execution of a joint venture partnership agreement with MediaTechnics Corporation’s (OTC: MEDT) BlazeNow Inc. subsidiary. Referred to as the “Yelp of the cannabis industry” by the New York Daily News, BlazeNow is an advertising and data collection platform focused on connecting cannabis-related businesses with patients and customers through its iOS and Android-based applications and website. Through the newly-announced joint venture, the two companies will develop and deploy marketing strategies aimed at expanding BlazeNow’s foothold in the booming cannabis industry. “The application technology developed by BlazeNow has the potential to become one of the most valuable resources to patients, consumers, and retailers in the cannabis industry,” Vanessa Luna, COO of MoneyTrac Technology, stated in the news release. “We recognized this potential from the first day we were introduced to Mr. Carr (BlazeNow CEO, Jeremy Carr) and his team, and through this newly established joint venture, we are excited to put the business, networking, and technology tools we have acquired to use in helping the BlazeNow brand breakthrough and flourish within the industry.”

Re: Global Payout, Inc. (GOHE)

NetworkNewsWire Editorial Coverage: The marijuana industry grew at a 30 percent annual rate from 2015-2016, with Arcview Market Research predicting a 25 percent compound annual growth rate through 2021. As large as it is diverse, the industry now serves 29 U.S. states and the District of Columbia, where marijuana has become legal for medicinal and/or recreational use. Demand, supply, and product diversity are fueling the growth. However, federal banking regulations restrict financial activity related to marijuana-based businesses. Global Payout (GOHE) (GOHE Profile) has unveiled a way around the cannabis industry’s unbankability, as its MoneyTrac subsidiary offers an alternative fintech solution that allows the cannabis industry to access traditional banking services. SinglePoint, Inc. (SING) has implemented a similar strategy, while alternative payment solutions are poised to benefit organizations such as American Cannabis Company (AMMJ), Marijuana Company of America Inc. (MCOA), and Easton Pharmaceuticals (EAPH), which are contributing to the industry’s growth and diversity.

Businesses selling cannabis face money laundering and other penalties under federal law, given marijuana’s classification under the Controlled Substances Act as a Schedule 1 drug. The solution: alternative banking and electronic financial systems.

While Global Payout (GOHE) (founded as a prepaid card company in 2009) displays its financial technology prowess via its Global Reserve Platform, introduced in 2016 (http://nnw.fm/tKnY1), its MoneyTrac Technology subsidiary offers a full range of financial services to companies in high-risk markets. Mobile apps, an e-Wallet, and bill payment are part of its Payment Solution Platform, branded as Virtu Network Solutions. Relationships with affiliated partners support compliance and cash flow logistics.

MoneyTrac even enables clients to brand their payment platform, thanks to a white-label payment software solution. However, it is not limited to secure financial services. The subsidiary also offers business consulting, branding, marketing, and website design, mobile site development, and e-Commerce services. Its recent incorporation of bitcoin technology also affords a secure payment option for retail and wholesale customers. It avoids the challenges of all-cash transactions related to accounting, safety, and storage and fulfills a need by cannabis companies to efficiently manage their finances and overall businesses.

MoneyTrac also has a contract with H Smart Inc., a division of Marijuana Company of America, enabling the company to indirectly enter the multibillion-dollar cannabidiol (CBD) market (http://nnw.fm/2lvKq). H Smart, a developer and distributor of advanced wellness and CBD products, will profit from the use of technology offered through MoneyTrac to pay commissions for its affiliates. Global Payout expects this agreement will create significant revenue for MoneyTrac in the current fiscal quarter.

Further growing its roots in the cannabis industry, MoneyTrac recently finalized a majority ownership acquisition of PotSaver, a revenue-producing community periodical providing listings on discounted cannabis-related products for Southern California dispensaries and shops. The acquisition is expected to provide MTRAC with an immediate revenue stream related to PotSaver’s existing subscription-based earnings.

“The majority ownership acquisition of PotSaver marks a significant milestone for MoneyTrac Technology,” MoneyTrac COO stated in the news release. “Not only does it provide our company with an immediate source of revenue, but it provides us with a unique opportunity to take a proven revenue-generating business model and expand it through the infusion of the many different tools and resources we have available through our networking, software and business development capabilities.”

MoneyTrac has also completed a joint-venture agreement with BlazeNow Inc., a majority owned subsidiary of MediaTechnics Corporation (OTC: MEDT). BlazeNow, once called the “Yelp” of the cannabis industry by NY Daily News, is an advertising and data collection platform focused on connecting cannabis-related businesses with patients and customers. MoneyTrac plans to use this partnership to pursue joint-revenue products and services, pooling each of the companies’ resources to grow both brands.

Another cannabis-focused payment solutions provider is SinglePoint (SING), which, in addition to its alternative banking solutions, is building a solution to utilize cryptocurrencies and blockchain technologies. Its SingleSeed Payments solution offers a non-cash alternative to traditional banking with cashless ATM terminals customers can use their debit or credit cards with dispensaries and other retailers. Mobile phone payments are supported as well, thanks to the Pay by Text™ service that optimizes the point-of-sale experience. It is integrated with the Text Message Marketing system, which lets clients communicate brand announcements and coupon codes to consumers. SingleSeed offers high-risk credit card processing as well, helping businesses and dispensaries establish transparent merchant accounts.

Fintech has helped contribute to the success of the marijuana industry, and the diversity of products and services. American Cannabis Company (AMMJ) is one that has prospered in the current market, helping clients with everything from financial matters to state licensing applications, to facility design and construction, equipment fulfillment, and branding/marketing. The company also offers compliance auditing services to manage activities such as licensing renewal, record keeping, seed-to-sale inventory tracking, packaging and labeling, waste disposal, and transportation procedures. It offers several cultivation solutions including SoHum Living Soils™ that can yield stronger and healthier plants. A range of extraction and infusion systems, and equipment, are sold as well. From the commercial Pot Washer to a child-resistance packaging, The Sachel™, to the high-density Cultivation Cube™, there is no shortage of diversity in this company’s product catalog.

Marijuana Company of America (MCOA) is taking on the market in a different way, building on a diverse portfolio of investments and joint ventures. Established as a publicly traded company in 2015, it offers marketing and distribution services to legal cannabis firms. The organization is also involved in product research and development, including recent hemp cultivation trials in New Brunswick, Canada, as part of a joint venture with MCOA in preparation for commercial cultivation. It’s wholly owned subsidiary, hempSMART™, Inc. recently launched Full Spectrum Drops as a cannabidiol product free of THC and offered in four flavors. Also, the company operates the hempSMART website and e-commerce network marketing platform. Growth is a major component of the business plan, as the company has discussed establishing a presence in various countries going into 2018 and beyond.

Operating in various pharmaceutical sectors, Easton Pharmaceuticals (EAPH) is vested in the e-vaporizer liquid market thanks to an acquisition of iBliss, Inc. The company also recently closed an agreement with Alliance Group for 45 acres of land to cultivate and produce medical and recreational marijuana. It advanced $575,000 CDN towards this interest, for the agricultural land located north of Toronto, Ontario, Canada. In September 2017, it advanced another $1 million CDN to the firm, and is in the process of attaining permission from national and local governments to legally grow cannabis. Growth and diversity are evident here, especially given Canada’s legalization of recreational marijuana on a national scale.

As the cannabis industry grows, traditional banking options remain off-limits. This has created many challenges for companies looking to develop their brands and turn a profit. Bitcoin technology and proprietary payment platforms such as MoneyTrac have provided alternatives that avoid the potential legal challenges of banking. Global Payout and SinglePoint have paved the way in this area. The growth and diversity of the burgeoning legal global cannabis industry is therefore not being deterred by such challenges. American Cannabis Company; Marijuana Company of America, Inc.; and Easton Pharmaceuticals are all examples of companies growing through acquisitions, partnerships, and diverse product and service offerings despite a lack of support from traditional financial institutions.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) today announced that MoneyTrac Technology, Inc., its majority-owned subsidiary, is currently in the final stages of facilitating an exclusive joint venture partnership agreement aimed at bringing effective banking solutions to businesses operating in the rapidly expanding cannabis industry. The company anticipates significant revenue earning opportunities to stem from this agreement upon its final execution. “The potential surrounding the anticipated completion of this Joint Venture is absolutely huge for our MoneyTrac Technology brand,” MoneyTrac CEO James Hancock stated in the news release. “MoneyTrac was launched almost exclusively to address the many different challenges that businesses in the cannabis industry face with trying to operate their legitimate business, and one of those challenges remains the lack of access many of them have to banking solutions. This JV would allow us to provide a much-needed solution to these businesses and put our company in a position to potentially secure a number of revenue generating service agreements that could most certainly create significant short and long-term revenue streams for us in addition to increasing the value of our service offerings for our clients within this industry.”

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that MoneyTrac Technology, Inc., its majority-owned subsidiary, in addition to its newly-acquired marketing and publishing entity, PotSaver, made a successful showing at last week’s Southwest Cannabis Conference and Expo in Phoenix, Arizona. “Attending this event was an excellent opportunity for us to share the vast array of technology and business-related solutions MoneyTrac has to offer to the many new and existing businesses in cannabis,” James Hancock, CEO of MoneyTrac, stated in the news release. “In having had the chance to speak with several different owners of these businesses, it has become increasingly clear that the lack of effective banking solutions made available to them remains one of the biggest challenges they are faced with and has reinforced our current mission of working to deliver a banking solution that tackles this specific challenge.” As it announced last week, MoneyTrac is currently in the final stages of completing the necessary due diligence to execute a joint venture partnership with an established financial institution aimed at offering one of the most effective banking solutions available within the cannabis industry.

Providing payments and transaction services to the cannabis industry, Global Payout, Inc. (GOHE) is addressing a key need for cannabis vendors and consumers without ever touching the marijuana plant.

Because marijuana remains classified as a Schedule 1 drug under the Controlled Substances Act, companies selling marijuana and cannabis products labor under the disadvantage of limited – if any – access to traditional banking options. Being forced to deal in cash poses various challenges to merchants, and is hugely inconvenient for cannabis consumers. As a solution to these obstacles, Global Payout, through its MoneyTrac Technology, Inc. subsidiary, has paved a detour around this federal blockade to enable cannabis businesses to utilize the banking services they need (http://nnw.fm/1zZEf).

MoneyTrac’s payment platform resolves issues relating to regulatory compliance and transactional processing and tracking, and the platform’s capabilities have various ancillary services, including bill pay and loyalty. Through affiliated partnerships, MoneyTrac offers cannabis businesses and other high-risk merchants an audited and fully compliant banking system through which they can apply for bank accounts. MoneyTrac’s technology also gives merchants access their financial information from any location, and provides access tracking and compliance services to help them manage and control revenue flow.

MoneyTrac further offers white-label payment software that lets customers brand their own payment platforms, and provides business consulting, marketing, branding, website design, mobile site development and e-commerce services. The cash-only transaction challenges faced by cannabis businesses, including safety, accounting and storage, are addressed by the recent inclusion of bitcoin technology, which gives both retail and wholesale clients a secure payment option.

Global Payout recently announced (http://nnw.fm/KAd05) that MoneyTrac is in the final stages of forming a new joint-venture partnership agreement with an established financial institution to offer banking solutions to cannabis businesses, which would place MoneyTrac among very few companies possessing the ability to do so. The chief reason behind the initial launch of MoneyTrac was to address the many challenges faced within the cannabis industry, and Global Payout says the joint venture would enable MoneyTrac to deliver a greatly needed solution while positioning the company to potentially secure various revenue-generating service agreements and both short- and long-term revenue streams. Additionally, it will bolster the value of MoneyTrac’s service offerings to cannabis clients.

“The potential surrounding the anticipated completion of this joint venture is absolutely huge for our MoneyTrac Technology brand,” MoneyTrac CEO James Hancock said in the press release announcing the joint venture partnership. “MoneyTrac was launched almost exclusively to address the many different challenges that businesses in the cannabis industry face with trying to operate their legitimate business, and one of those challenges remains the lack of access many of them have to banking solutions. This JV would allow us to provide a much-needed solution to these businesses and put our company in a position to potentially secure a number of revenue generating service agreements that could most certainly create significant short and long-term revenue streams for us in addition to increasing the value of our service offerings for our clients within this industry.”

Near the end of September, Global Payout demonstrated the diversity of its business model with the announcement (http://nnw.fm/3I2dg) of MoneyTrac’s finalization of a majority ownership acquisition of PotSaver, a revenue-producing community periodical that provides listings of discounted cannabis-related products for dispensaries and stores in Southern California. This majority ownership acquisition has provided MoneyTrac with an immediate revenue stream from PotSaver’s existing subscription-based earnings, and PotSaver further generates revenue through an agreement with Greenrush, which operates the cannabis industry’s biggest on-demand delivery platform, connecting medical marijuana patients with local dispensaries located throughout California, Nevada and Colorado.

MoneyTrac has further indirectly entered the multibillion-dollar cannabidiol (CBD) market through a contract with H Smart Inc., a division of Marijuana Company of America (OTC: MCOA). H Smart develops and distributes cutting-edge wellness and CBD products and is set to profit by using MoneyTrac’s technology to pay commissions for its affiliates. It is anticipated that MoneyTrac will experience significant revenue through this agreement during the current fiscal quarter.

MoneyTrac has also partnered with BlazeNow, Inc., an advertising and data collection platform that connects cannabis-related businesses with customers and patients. BlazeNow is a majority-owned subsidiary of MediaTechnics Corporation (OTC: MEDT). Through this partnership, MoneyTrac intends to pursue joint-revenue products and services and will pool each companies’ resources to grow both brands.

Another standout company offering services to the marijuana industry in a very different way is Kush Bottles (KSHB). Kush Bottles is the largest distributor of packaging, supplies and accessories for cannabis businesses and consumers in the United States. With facilities in the three largest cannabis markets in the U.S. and a local sales presence in each major U.S. cannabis market, Kush Bottles has sold over 100 million units and regularly services more than 4,000 legally operated medical and adult-use cannabis dispensaries, growers and producers throughout North America.

Kush Bottles offers a broad selection of products ranging from custom packaging and labeling to items offered for point-of-sale purchase like grinders, lighters, glass pieces and papers. The company further offers various packaging items that are ready for customization and houses a design team that creates branded solutions for clients’ products. Kush Bottles additionally helps clients meet cannabis packaging compliance requirements in their respective states.

A broad array of services is offered to the cannabis industry through General Cannabis Corp. (CANN), which operates as a comprehensive national resource and trusted partner for cannabis businesses. The company’s operating divisions include security, marketing, real estate, operational consulting and products, and financing.

Serving as a synergistic holding company, General Cannabis’ subsidiaries include Next Big Crop, which offers consulting services for the cannabis industry, from cultivation to processing to sale; Chiefton Supply Co., a cannabis apparel company based in Colorado; Iron Protection Group, a premier provider of security services for the cannabis industry; and Chiefton Design, a provider of brand development and design services for cannabis enterprises.

Another premier player in the cannabis market, catering to both cannabis consumers and providers, is MassRoots (MSRT), a leading technology platform powered by over a million users. Mobile apps offered by MassRoots—available through both the Apple App Store and Google Play Store—enable marijuana consumers to make well-informed cannabis purchasing decisions by accessing consumer-driven reviews and ratings presented in user-friendly formats. Cannabis businesses are also able to leverage MassRoots through strategic advertising that lets them target consumers based on their preferences and tendencies.

The company further offers MassRoots Retail, a compliance and point-of-sale system that enables cannabis-related businesses to streamline their retail operations as well as manage compliance reporting to their state regulators.

Another significant component of the legal cannabis market is medical cannabis, and many companies are endeavoring to offer alternative forms of treatment for sufferers of various ailments and diseases. Within this space, Arena Pharmaceuticals (ARNA) is a biopharmaceutical company focused on the development of novel, small molecule drugs with optimized receptor pharmacology. Arena’s endeavors are not solely focused in cannabis, but among its efforts the company is currently engaged in an ongoing randomized, open-label and parallel phase 2a clinical trial of APD371, which is an orally available agonist of the CB2 receptor (the body’s naturally occurring cannabinoid receptor system) under evaluation for the treatment of pain associated with Crohn’s disease. This internally discovered, investigational drug candidate is also being explored for potential development in other indications. Regarding pain application, APD371 is designed, through its selectivity, to offer pain relief without psychotropic effects or the potential for abuse or dependence.

As demonstrated, there are many different avenues for investment within the booming marijuana market, and innovative companies such as the ones mentioned have found varied ways of serving cannabis enterprises and customers. Whether an investor is looking to get involved with a company that handles the cannabis plant or one that doesn’t, the field is certainly green with opportunities.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that it is in the final stages of performing a two-year audit in an effort to become a fully reporting SEC company. Upon completion of the audit, Global Payout will immediately apply for listing on the OTCQB Venture Marketplace. “We have been contemplating an up-list to the OTCQB for quite some time and we as a Company feel that now is the best time given Global’s progress over the past few months,” Jim Hancock, CEO of Global Payout, stated in the news release. “The recent acquisition of two revenue generating businesses along with the progress of our banking system for the cannabis industry will help GOHE realize its goal of being listed on the Nasdaq by the end of 2019.” The company intends to issue regular updates by way of press releases and timely SEC filings as it approaches these milestones in the coming months.

Re: Global Payout, Inc. (GOHE)

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that its majority owned subsidiary, MoneyTrac Technology, Inc., has established a strategic partnership with Pegasus Fintech, Inc., an innovative blockchain and token accelerator company delivering regulatory-compliant solutions in the financial services, technology, blockchain and cryptocurrency market sectors. “MoneyTrac Technology is aiming to establish itself as the most effective full-service provider of financial technology solutions for businesses in the cannabis industry,” Vanessa Luna, COO of MoneyTrac, stated in the news release. “Pegasus’s cryptocurrency technology will serve as the catalyst for us to develop and introduce a cryptocurrency token that we believe will become the foundation for a revolutionary financial platform for the cannabis industry and go well beyond anything currently available in this market.” As noted in the news release, the core focus of this newly-announced partnership will be on the development of a regulatory-compliant, security-based cryptocurrency token that will be implemented within MoneyTrac’s under-development financial technology platform targeting the cannabis industry.